Garrison Barclay Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08432861 (England and Wales)

Garrison Barclay Investments Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A E McCarthy

REGISTERED OFFICE:

19 Windsor Place

Cardiff

CF10 3BY

REGISTERED NUMBER:

08432861 (England and Wales)

ACCOUNTANTS:

O'Brien and Partners

Accountants & Business Advisors

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

CURRENT ASSETS

Debtors

5

48,359

48,359

Cash at bank

67

67

48,426

48,426

CREDITORS

Amounts falling due within one year

6

1,028,282

998,032

NET CURRENT LIABILITIES

(979,856

)

(949,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(979,856

)

(949,606

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(979,956

)

(949,706

)

(979,856

)

(949,606

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2022 and were signed by:

A E McCarthy - Director

1.	STATUTORY INFORMATION

Garrison Barclay Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company has the support of its Director and his related companies in relation to the remaining outstanding liabilities.On this basis the company has been treated as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 October 2020

7,400

Disposals

(7,400

)

At 30 September 2021

-

DEPRECIATION

At 1 October 2020

7,400

Eliminated on disposal

(7,400

)

At 30 September 2021

-

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Amounts owed by group undertakings

48,359

48,359

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade creditors

1,380

-

Amounts owed to group undertakings

600,540

571,670

Other creditors

426,362

426,362

1,028,282

998,032

7.	RELATED PARTY DISCLOSURES

At the year end the company was owed £48,359 (2020: £48,359) by a company related through common directorship. In addition at the year end the company owed £4,577 (2020: £4,577) to a company related by common directorship.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Garrison Barclay Estates Limited.

The ultimate controlling party is A E McCarthy.